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Twelve Stocks in Focus on Wednesday, 19 October 2016

The Indian market is expected to open flat on Wednesday tracking muted trend seen in other Asian markets.

Here is a list of Top Twelve Stocks that are likely to be in focus today

RIL: Reliance Industries Ltd will shut the fluidized catalytic cracking unit (FCCU) at its Jamnagar refinery for five weeks beginning the second week of November, said a report.

Tata Motors: Tata Motors Ltd said that the board has approved NCD issue of up to 5 billion rupees.

Endurance Technologies: The auto components maker Endurance Technologies is set to list its equity shares on exchanges on October 19. It has fixed issue price at the higher end of price band of Rs 467-472 per share.

Axis Bank, ICICI Bank: Essar Global will also pay back about $300 million combined to Indian lenders ICICI Bank Ltd.BSE -1.48 % and Axis Bank Ltd.BSE
1.44 %, said a media report quoting sources, who asked not to be identified as the information is private.

Sterling Tools: Sterling Tools Ltd has informed BSE that a meeting of the Board of Directors of the Company will consider sub-division of the equity shares of the company on Nov 5.

Hatsun Agro Product Ltd: The company is planning to invest around Rs 850 crore during the current fiscal year and next fiscal year, in order to set up two milk processing facilities, along with the expansion of existing facilities and marketing, said a media report.

Havells India: Havells India on Tuesday reported a 22 per cent YoY jump in net profit to Rs 145 crore for the September quarter, as per new accounting
standard Ind-AS.

JSW Steel: Sajjan Jindal’s JSW Group will invest Rs 3400 crore in the state in next three years. Mr. Jindal who met West Bengal chief minister Mamata Banerjee this afternoon said the investment will go into expanding its upcoming cement plant at Salboni.

Tata Power: Tata Power has appointed three independent directors – Anjali Bansal, Vibha Padalkar and Sanjay Bhandarkar – on its board with effect from October 14, 2016.

Gujarat Pipavav Port: Credit Suisse has downgraded shares of Gujarat Pipavav Port to underperform from outperform and cut target price to Rs 155 from Rs 195 due to lackluster container trade data in the second quarter and increase in risks to the business.

Indian Oil Corporation: CLSA has retained its buy rating on Indian Oil Corporation and raised target price by 20 per cent to Rs 810 from Rs 675. The brokerage said that operating cash flow and free cash flow fell due to lesser savings in working capital compared to the previous financial year.

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